Firm Says Mom Sinks Bid To Helm Bed Bath & Beyond Suit

Law360 (July 27, 2020, 7:41 PM EDT) -- Levi & Korsinsky LLP on Monday slammed a competing lead plaintiff bid by a Bed Bath & Beyond Inc. investor in securities litigation over the retailer's post-holiday shopping season sales slump, arguing that he has no stake in the litigation because he has to turn over any winnings to his mother.

Kavin Bakhda's only connection to the litigation, which accuses the retailer of concealing inventory issues, is the fact that he was assigned shares by his mother as part of an arrangement that would require him to remit any proceeds from the assignment to her, Levi & Korsinsky said in a...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!